SDG - Sunland Group

Re: SDG sunland

The share buy back is a positive to share price.

This combines with a share price that is well under net tangible assets of $1.45 and a company with next to no borrowings amd 100 million sitting in the bank all suggests that even after the price move we have seen in the last few days that there could be more to come.


There are 5 times more buy orders than sell orders ta the moment indicating
strong momentume and the charts are showing that an upturn is now evident.


Do your own research but i bought this one with confidence.

I am extremely curious about this stock. It has rallied quite well recently, and I was wondering what people's projections were for the future?

Does it still have good short-term growth potential?

they are buying back 32 million shares and have a good balance sheet so i expect they will keep rising the 3 c div last month was very nice

price been moving up nicely as some shares have been bought back

can any gurus advise how long it will take to buy all the shares back

can any tech anns do a chart suggesting possible exit points or dates

cheers

Over 11 years since the last post on Sunland group reflects that investors are not interested in this company.
Seems the directors have a similar view. They've completed a strategic review and decided to convert some of their assets to cash and return this cash to their shareholders.

Wow, you don't see this sort of corporate action very often.

peter2 said:

Over 11 years since the last post on Sunland group reflects that investors are not interested in this company.
Seems the directors have a similar view.

Click to expand...

Surprised Sunland is still listed..thought it was a dead duck.

FY22 Profit Guidance and Special Dividend
Directors are pleased to announce the Company is on target to achieve net profit after tax in
the range of $92 to $98 million, in line with the market announcement released 17 February
2022, subject to the audit of the Group’s financials. This follows settlements of the following
material transactions since that announcement:
• Grace on Coronation in March 2022
• Greenmount Beach Resort in March 2022
• The Lakes Lot 909 in May 2022
• Stage 2 of Montaine Residences (NSW) project in May 2022. The balance two stages are
scheduled for completion and settlement through to October 2022
• The Lanes Retail in June 2022
• 80 units in 272 Hedges Avenue (QLD) project in June 2022. The balance of the units are
scheduled to settle through to August 2022.
The proceeds from these transactions have repaid the Group’s debt facilities for working capital
and project developments. Sufficient funds have also been allocated to repay the balance of
external unsecured debt arrangements and until that occurs, is required to continue to comply
with debt covenants of the facility.
SUNLANDGROUP.COM.AU
SUNLAND GROUP LIMITED ABN 65 063 429 352
ROYAL PINES MARINA PRECINCT, ROSS STREET, BENOWA, QUEENSLAND 4217
Directors are also pleased to declare a fully franked special dividend of 30 cents per share which
will be paid 28 July 2022. Managing Director Mr Sahba Abedian said “the payment of the special
dividend is in line with the directors’ intention to pay dividends quarterly where possible, whilst
maintaining the Group’s debt covenants until external financial liabilities are fully repaid”.
This announcement has been authorised by the Board of Directors.

i do not hold this share

On October 30th, 2023, Sunland Group Limited (SDG) was removed from the ASX's Official List at the request of the company, under Listing Rule 17.11, after security holders resolved to remove SDG from the Official List.